(Investing) – Oil prices fell sharply Monday as geopolitical tensions between the U.S. and Iran eased, prompting traders to lock in profits after a recent jump in prices. At 08:20 ET (13:20 GMT), Brent oil futures for April tumbled 5.1% to $65.82 a barrel and U.S. West Texas Intermediate crude fell 5.2% to $61.76 per barrel. Oil prices rose to near six-month highs
(Investing) – Oil prices hovered at four-month highs on Thursday, extending recent gains amid fears that rising geopolitical tensions between the U.S. and Iran could result in supply disruptions from the key Middle East producer. At 10:58 ET (15:58 GMT), Brent oil futures for March rose 3.2% to $69.55 a barrel, having earlier climbed as high as $70.58 a barrel, its highest since
(Investing) – HOUSTON/LONDON – The discount on U.S. crude futures to the global benchmark Brent has grown by around $1 per barrel since the U.S. ousted Venezuelan President Nicolas Maduro on January 3 and took control of the South American country’s oil flows, redirecting millions of those barrels to U.S. ports in a move likely to boost U.S. crude exports in the
(Investing)– Oil prices slipped around $1 a barrel on Tuesday and were on track for a third straight day of declines as investors considered the impact of U.S. sanctions against Russia’s two biggest oil companies on global supply, along with a potential OPEC+ plan to raise output. Brent crude futures were down $1.09, or 1.7%, to $64.53 a barrel at 10:44
(Investing) – LONDON – Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns and demand versus supply expectations. Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or
CNBC Oil prices were little changed on Monday after losing about $1 a barrel in the previous session on signs that U.S. policymakers are likely to keep interest rates higher for longer. Brent crude futures were up 21 cents at $83 a barrel by 1036 GMT. U.S. West Texas Intermediate crude futures were up 27 cents at $78.53. Although prices
US News LONDO – Oil prices extended gains on Wednesday, as investors mulled supply risks stemming from Ukrainian attacks on Russian refineries and the potential for escalation in the Middle East conflict, while OPEC+ ministers held steady their output policy. Brent crude futures for June rose 76 cents, or about 0.9%, to $89.68 per barrel at 1346 GMT, having hit
Yahoo Finance LONDON – Commodities pricing agency Platts said on Monday its addition of U.S. WTI Midland crude into the global Brent oil benchmark has gone well, and it won’t be necessary to add any further crudes for the time being. Platts, part of S&P Global Commodity Insights, added Midland to its dated Brent price assessment in May 2023, bolstering
Oil Price Brent crude oil broke past the $80 resistance level on Wednesday, as tensions in the Middle East continued to rise and as Houthi attacks on Red Sea shipping showed no signs of easing, prompting concerns of price-impacting disruptions to the energy trade. At 10:38 a.m. ET on Wednesday, Brent was trading at $80.20, up 1.22% on the day,
Investing Brent and U.S. crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further supply cuts in OPEC+ production are expected in the coming weeks. Brent crude futures were up $2.19 to $82.80 a barrel by 10:32 a.m. CT (1632 GMT). U.S. West Texas Intermediate crude was up $1.98, or 2.6% at $77.87. The front-month December WTI contract expires
US News LONDON – Increased exports of oil from the United States into Europe and Asia mean U.S. crude has snatched back its primacy in setting international pricing after North Sea grades have for decades determined the value of the world’s most traded commodity. The trend has calmed volatility and limits the potential for trading plays, known by traders
Oil Price Money managers boosted their net bullish bets on Brent Crude by the second-largest amount on record following the surprise announcement from major OPEC+ producers that they would remove more than 1 million barrels per day (bpd) from the market between May and December. Speculators and traders added as many as 73,000 contracts to the net long position –
